Rodgers Brothers Inc. Sells 36,699 Shares of Kellanova (NYSE:K)

Rodgers Brothers Inc. lowered its stake in shares of Kellanova (NYSE:K - Free Report) by 92.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,868 shares of the company's stock after selling 36,699 shares during the period. Rodgers Brothers Inc.'s holdings in Kellanova were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of K. Oregon Public Employees Retirement Fund grew its holdings in Kellanova by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,091 shares of the company's stock valued at $1,870,000 after buying an additional 130 shares in the last quarter. Quent Capital LLC boosted its position in shares of Kellanova by 20.2% during the 4th quarter. Quent Capital LLC now owns 833 shares of the company's stock valued at $67,000 after acquiring an additional 140 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Kellanova by 1.7% in the third quarter. Sanctuary Advisors LLC now owns 8,502 shares of the company's stock valued at $690,000 after purchasing an additional 145 shares in the last quarter. SPC Financial Inc. increased its position in Kellanova by 5.7% in the fourth quarter. SPC Financial Inc. now owns 2,976 shares of the company's stock worth $241,000 after purchasing an additional 160 shares during the last quarter. Finally, CENTRAL TRUST Co raised its stake in Kellanova by 0.7% during the fourth quarter. CENTRAL TRUST Co now owns 22,480 shares of the company's stock valued at $1,820,000 after purchasing an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 83.87% of the company's stock.

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Insider Activity

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $81.42, for a total transaction of $9,329,347.86. Following the transaction, the insider now directly owns 48,534,944 shares in the company, valued at $3,951,715,140.48. This represents a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 1,260,413 shares of company stock valued at $103,473,032. Corporate insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on K. StockNews.com started coverage on shares of Kellanova in a report on Saturday. They issued a "hold" rating on the stock. Royal Bank of Canada cut Kellanova from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 14th. Fourteen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $77.96.

Kellanova Trading Down 0.4 %

K traded down $0.30 during trading hours on Friday, reaching $82.25. 5,082,449 shares of the company's stock traded hands, compared to its average volume of 2,678,345. The firm has a 50-day moving average price of $82.31 and a 200 day moving average price of $81.40. The firm has a market capitalization of $28.39 billion, a PE ratio of 21.25, a PEG ratio of 4.21 and a beta of 0.34. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 1.29. Kellanova has a 52-week low of $55.01 and a 52-week high of $83.22.

Kellanova (NYSE:K - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.61. Kellanova had a net margin of 10.53% and a return on equity of 37.25%. As a group, sell-side analysts predict that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Monday, March 3rd. Kellanova's dividend payout ratio (DPR) is presently 58.91%.

About Kellanova

Kellanova, together with its subsidiaries, manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie foods, and noodles.